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Working Paper
Subnational Bilateral Remittance Flows in the U.S.-Mexico Corridor: A Multi-Source Imputation and Validation
More than $65 billion annually flows through Mexico’s remittance corridor, the largest such pathway in the Western Hemisphere. Yet, the distribution of these flows across regions and the implications for financial inclusion—or alternatively, perpetuating inequality—remain poorly understood. This paper exploits bilateral remittance flows between U.S. and Mexican states during 2013–25 to construct and validate a multi-source origin–destination framework linking Banco de México’s U.S.-state outflows with Mexican state-level receipts. We develop allocation matrices from consular ...